GBPJPY - An Idea where to Long using Fibs

FX:GBPJPY   British Pound / Japanese Yen
323 8 10
Shorted this pair below 132.400

Another short term sell setup if it breaks the trendline .

I would rather long this pair at the 1.618 Fib extension.

Apply money management

Good luck
Comment: Nice rejection

Nice Andrew :))
-Andrew- MANOLIS
Thank you sir
Hi Andrew
I see it's forming a bat structure .. Any chance for bullish movement. ??
-Andrew- preetianvekar.jai
Intermediate resistance at 131.230, break above and with clear bullish PA then Bat pattern is confirmed. But would rather long this at the lower end of the range if it gets there.

IMO it's already in the lowest rate I feel it won't go down again .. What's ur opinion???
preetianvekar.jai preetianvekar.jai
What should be the long target? In your opinion
-Andrew- preetianvekar.jai
Long target indicated on the chart - GJ is still very bearish for me atm
-Andrew- preetianvekar.jai
You never know - I just look at price action and strong levels.
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